GeoPost SA launched a buyout bid to acquire remaining 30.2% stake in Speedy AD (BUL:0SP) from Speedy Group AD and others for approximately BGN 240 million on January 20, 2021. GeoPost SA will pay BGN 58.67 per share. The acquisition will be funded from own resources. The buyout offer will be considered successful if Geopost acquired at least 45% interest. The tender offer is subject to acquisition of minimum number of 2.4 million shares. If minimum number of shares is not reached, offer shall be redeemed. Geopost received approval from Bulgaria's Commission for Protection of Competition to become the majority owner of Speedy in November 2020. As of April 7, 2021, the board of directors of Speedy Group considers the buyout bid price to be a fair offer. As of March 19, 2021, minimum tender has been obtained. The transaction is approved by Bulgaria's Financial Supervision Commission. The tender offer will not have any effect on the resources of GeoPost SA. As on April 31, 2021, Geopost is offering to pay BGN 80 per share. The investment intermediary authorized for the present Tender Offer is ELANA Trading AD.